feld.energy, a Munich-based company in the agricultural photovoltaics sector, has raised €1.7 million in a pre-seed funding round led by HV Capital, with participation from Angel Invest, CoInvest (Marc Diekmann), Karljo Seilern, Cord Amelung, Alex Mahr, Christian Hardenberg, Nikas Rickmann (MVST Ventures), Jan Rabe, and Colin Hanna. This funding aims to support feld.energy’s mission to expand renewable energy solutions for farmers, leveraging agricultural land to generate electricity alongside food production.
Founded in 2022, feld.energy enables farmers to utilise their land for both agriculture and photovoltaic power generation, allowing them to earn up to €4,000 per hectare. This approach aligns with Germany’s energy transition goals by promoting renewable energy while supporting agricultural resilience. The company’s solution helps farmers supplement income and reduces reliance on traditional energy sources.
“I’m excited to share that we’ve successfully completed our pre-seed funding round. This isn’t just a financial milestone for us – it’s a powerful step towards creating a future where agriculture and clean energy work hand in hand. Our mission is simple yet profound: to make agriculture more resilient and sustainable by harnessing the power of the sun. With our technology, we can help farmers secure a stable income while generating climate-friendly electricity and reducing society’s dependence on traditional energy sources,” said Dr. Adrian Renner, Co-Founder and CEO.
David Kuczek, General Partner at HV Capital said: “We’re excited to partner up once again with Dr. Adrian Renner – who is a serial entrepreneur from the HV portfolio. He formerly founded Global Savings Group, which is a category leader in the consumer space. With his expertise in building lasting companies, we’re convinced that Adrian can transform the agri-PV sector, and we’re looking forward to being a part of the journey as the sector grows to its full potential in driving Germany’s energy transition.”
The funding will enable feld.energy to enhance its operational capacity and expand its team as it pursues its vision for dual-use agricultural land that supports both farming and renewable energy. The company’s approach not only aids Germany’s renewable energy objectives but also helps to make agriculture more resilient to economic and environmental challenges.
Read the orginal article: https://www.eu-startups.com/2024/11/munich-based-feld-energy-raises-e1-7-million-to-drive-agricultural-photovoltaics-in-germany/
